Advance Realty, Invesco Real Estate to Break Ground on Retail Redevelopment in New Jersey

Paramus Crossroads is expected for completion in summer 2018. Paramus Crossroads is expected for completion in summer 2018.

Paramus, N.J. — A joint venture between Advance Realty and Invesco Real Estate is set to break ground on a 40,000-square-foot retail redevelopment roughly 22 miles outside New York City in Paramus, New Jersey.

The partnership will demolish an antiquated office building located at 289-315 Route 17 South, and develop a new shopping center titled Paramus Crossroads. The property will complement the site’s two existing buildings, which are occupied by PGA Tour Superstore and P.C. Richard & Son. Completion is expected for summer 2018. Jamie Sackeim and Vicki Ezra of The Dartmouth Co. will serve as exclusive leasing agents for the property.

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